What Successful Traders in 2023 Will Do
Jan 02, 2023Trading options is a game of skill.
But it's also a mental game.
And not a mental game you play against others.
It's a game you play against yourself.
And if you want to be a successful trader in 2023 there is one major factor that will make all the difference.
So stick around to hear more about it!
The most successful traders I know trade without emotion.
When a trade goes bad for them, they remain stoic.
It's the folks whose emotions are constantly swinging from elation to despair that don't fare as well in the game.
I've mentored over 1200 folks, either one-on-one or in small groups over the past two decades.
I've seen what one really bad trade does to someone.
Fear sets in and they start making their trades based on those fears.
They jump in and out of trades without sound logic backing their decisions.
They're in panic mode.
And as they watch things go from bad to worse, the fear mounts and those trades become even more erratic. It's like watching someone caught in a downward spiral.
Eventually those folks will throw in the towel and say trading just isn't for them.
Or worse, they lose confidence and they start looking to someone else to tell them what and when to trade and never develop their own skill and mindset.
We all have a bad trade or series of bad trades occasionally.
In the past videos, I've talked about how I like to massage a bad trade to a profitable one.
That's a skill set.
More important is developing your own emotional skills to the point where they're just not a factor in your trading.
So what are some of the ways to do this?
Managing Your Emotions While Trading
1) Catch Yourself Getting Emotional Before You Act and Take Back Control
2) Review Your Trade and Consider How to Massage The Trade Back Into Profit
3) Recognize That You Don't Always Have To Be Trading
4) Visualize Yourself As A Successful Trader Every Day.
Remember, at the beginning, I said that trading was a mental game as well as a game of skill.
Your daily vision of yourself is a strong indication of how you're going to trade.
The message is set in your brain become your own reality.
See yourself as a terrible trader. And guess what? You will be.
But see yourself as strong as intuitive and smart. And that's exactly what you will become.
Where does investing buddies fit into this game?
While we teach you all the ins and outs of trading, I also said emphasize the mental game in all my webinars and especially in one on one mentoring.
Our educational videos will teach you the mechanics of trading.
Take the free quiz below it will help you get started on the right path.
Our goal is to meet you exactly where you are now and to elevate you to where you want to be in the future.
I look forward to having you on this amazing journey with me as you get both the mechanical skills for trading and the mental mindset. It takes both to become an incredible trader.
www.investingbuddies.com/quiz
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☑️ Have confidence in making trade decisions for yourself?
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☑️ Have peace of mind about your financial future?
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